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obama is jewels, boehner is pumpkin and the tea party is yolanda. they're locked in a tense standoff so potentially apock liptic they have guns pointed at each other while they appear very cool. the diner has come to a standstill, which representing the nation awaiting the outcome. like those diners robbed of their wallets and peace, the nation faces uncertainly times ahead. to help sort it out we have jared ber design and peter. let's talk about these two things. unemployment and the one on one game in washington right now. does one have anything to do with the other, jared? >> well, yes, they do, although i'm still trying to work out this movie metaphor, so give me a second. as the labor market improves and i agree with you that things were definitely better in november than we expected, given the lack of apparent damage from the storm at least according to the bureau, as things improve and the underlying economy continues to show more momentum, the job market too slowly in my view but it is improving. the costs, the opportunity costs to use an ec
obama is jewels, boehner is pumpkin and the tea party is yolanda. they're locked in a tense standoff so potentially apock liptic they have guns pointed at each other while they appear very cool. the diner has come to a standstill, which representing the nation awaiting the outcome. like those diners robbed of their wallets and peace, the nation faces uncertainly times ahead. to help sort it out we have jared ber design and peter. let's talk about these two things. unemployment and the one on...
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Dec 7, 2012
12/12
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speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know
speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >>...
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Dec 7, 2012
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president obama will be focusing on laws protecting children. this law doubles the maximum sentence for people convicted of possessing -- of possessing child pornography. it also adds more layers of protection for victims. >> 45 days -- 25 days from the fiscal cliff. >> the fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in november. superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking again, but still no breakthrough. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling be part of a deal. >> he shows what he is really after is assuming unprecedented power to spend taxpayer dollars. >> republicans who said they
president obama will be focusing on laws protecting children. this law doubles the maximum sentence for people convicted of possessing -- of possessing child pornography. it also adds more layers of protection for victims. >> 45 days -- 25 days from the fiscal cliff. >> the fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in...
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try that as obama. [ as obama ] >> steve: uh, suck it, bieber. [ laughter ] >> jimmy: pretty good. can you do it? [ as obama ] >> uh, suck it, bieber. [ laughter ] >> jimmy: poor, justin bieber. he's like -- what's you're problem? [ talking over each other ] i like justin bieber. i don't know what to make of this, guys. did you hear about this? a series of forbidden love letters and drawings that "peanuts" creator charles schulz sent to a young woman while he was married are about to go up for auction. yeah, he was like, "hey baby, how'd you like to come over to my place and" -- [ as teacher from peanuts ] [ laughter and applause ] i always wanted to do that. >> steve: come on. >> jimmy: did you see this? while announcing this year's grammy nominees, taylor swift actually did a little beatboxing last night. i don't want to say it was awkward, but people were just like, "hey, is kanye west around?" [ laughter ] actually, last night, the band fun. received grammy nominations in the top three categories. [ cheers and applause ] yeah, coming up empty again this year, the band work. [ l
try that as obama. [ as obama ] >> steve: uh, suck it, bieber. [ laughter ] >> jimmy: pretty good. can you do it? [ as obama ] >> uh, suck it, bieber. [ laughter ] >> jimmy: poor, justin bieber. he's like -- what's you're problem? [ talking over each other ] i like justin bieber. i don't know what to make of this, guys. did you hear about this? a series of forbidden love letters and drawings that "peanuts" creator charles schulz sent to a young woman while he...
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Dec 7, 2012
12/12
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the president has sort of struck a deal with president morsi, president obama, and you know, thought that president morsi played a constructive role with the flare-up in the middle east within the past month. he has been reluctant, the united states has sort of a lightfoot print, leading from behind if you will with respect to the way that president morsi has taken on his opposition here. in my view, the united states has a role to be playing standing out, speaking to the protesters, speaking to the opposition. meeting with them behind the scenes which i understand has been very difficult for egyptian opposition parties to get access to our ambassador, senior leaders from the obama administration. bill: if you read the "time" magazine article that has morsi on the cover this week -- >> right. bill: it says morsi is heartened by the show of protests because this means cord -- according to his people that democracy is working. democracy is defined a lot of different ways around the world as we found out the past decade. he said this. egyptians will pass through this. we are learning he
the president has sort of struck a deal with president morsi, president obama, and you know, thought that president morsi played a constructive role with the flare-up in the middle east within the past month. he has been reluctant, the united states has sort of a lightfoot print, leading from behind if you will with respect to the way that president morsi has taken on his opposition here. in my view, the united states has a role to be playing standing out, speaking to the protesters, speaking...
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Dec 7, 2012
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then came president obama's election in 2008. health care reform igniting the tea party movement and then demint quickly became a leader and re hetorical flamethrower. >> if we're able to stop obama on this, it will be his waterloo. >> but demint had no significant legislative impact or victories regularly bucking the republican establishment, supporting senate candidates close to his own view of conservatism with, of course, mixed success. >> i've been criticized by some of my republican colleagues for saying i'd rather have 30 republicans in the senate who believe in the principles of freedom than 60 who don't believe in anything. >> he was an early supporter of florida senator marco rubio. now the gop star, incoming senator cruz who tells mike lee all on the demint list. while 15 won primaries just seven are united states senators today. many party leaders, in fact, blame demint for high-profile senate losses in indiana, delaware, colorado and nevada and in a statement made yesterday minority leader mitch mcconnell said this.
then came president obama's election in 2008. health care reform igniting the tea party movement and then demint quickly became a leader and re hetorical flamethrower. >> if we're able to stop obama on this, it will be his waterloo. >> but demint had no significant legislative impact or victories regularly bucking the republican establishment, supporting senate candidates close to his own view of conservatism with, of course, mixed success. >> i've been criticized by some of...
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Dec 7, 2012
12/12
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as president obama said we must act and we must rebuild. as you consider the fact that the region shuts down without the m.t.a. and the region makes up 11% of the country's g.d.p. this is more than a new york issue or a new york need. this is a national issue, it is a national need and we're going to need help from the federal government to help us rebuild the m.t.a. thank you very much for this opportunity and look forward to questions later. [indiscernbile] it is not a tristate thing. it threads through our attire -- entire economy. the executive director of the port authority of new york and new jersey, we will hear from you about the efforts to recover from damage to the authority's tunnels, trains, airports, and port. i will take a moment to remind you that i was a commissioner of the port authority before i came here. actually, i was driven -- my interest here as a result of that traffic of the company that i was running was a very large company, and we had vehicles crossing the river, and it took longer and longer and longer to get t
as president obama said we must act and we must rebuild. as you consider the fact that the region shuts down without the m.t.a. and the region makes up 11% of the country's g.d.p. this is more than a new york issue or a new york need. this is a national issue, it is a national need and we're going to need help from the federal government to help us rebuild the m.t.a. thank you very much for this opportunity and look forward to questions later. [indiscernbile] it is not a tristate thing. it...
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Dec 7, 2012
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we know president obama won reelection. the house pretty much stayed the same with republicans ruling it and the senate with democrats. but what about the governorships? interesting when you look at a map of the states. i believe it was over 30 states that the governorships went to republicans. either staying with them or now adding to the list. there seems to be a sort of split theology of sorts amongst voters across the country. >> steve: in the state of michigan yesterday where they do have a republican-controlled state house and governor's mansion as well, keep in mind, michigan, the birth place of organized labor, yesterday the legislature both houses passed a law making michigan the 24th right to work state. bans mandatory union dues. if you're in a union there in michigan, the uaw, you work for ford or chrysler or places like that, dollar lot of people who are upset. but that's what the legislature -- >> gretchen: you still can pay if you want. >> brian: if you want to know what's good about our economy, look at indi
we know president obama won reelection. the house pretty much stayed the same with republicans ruling it and the senate with democrats. but what about the governorships? interesting when you look at a map of the states. i believe it was over 30 states that the governorships went to republicans. either staying with them or now adding to the list. there seems to be a sort of split theology of sorts amongst voters across the country. >> steve: in the state of michigan yesterday where they do...
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Dec 7, 2012
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fundraising records were shattered by both president obama and mitt romney during their campaigns. they raised more than $2 billion. campaign finance records show the president raised $1.1 billion for his reelection effort. his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security area is being called a waste of taxpayer money. >>> mountain view police need your help identifying a woman suspected of stealing thousands of dollars from other people's bank accounts. they released surveillance photos which were taken in september. investigators say the woman is in impersonating a customer at a wells fargo bank. according to police she made unauthorized withdrawals totaling $20,000. now take a look. if you recognize her please call mountain view police. >>> time is 5:16. just when labor negotiations were looking up, all hope for saving the nhl season right foul looks like it's lost. negotiations i
fundraising records were shattered by both president obama and mitt romney during their campaigns. they raised more than $2 billion. campaign finance records show the president raised $1.1 billion for his reelection effort. his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security area is being...
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Dec 7, 2012
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president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small businesses in that area are trying to grind that plan to a halt. >> reporter: there are 85 starbucks properties in san francisco. do we need 86? >> it will change the entire c
president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the...
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when we go over the cliff as matter of law the obama tax cuts expire. we have sequestration where these drastic cuts take place but the president politically knows that even if it a deal is made in january, february on spending they can be made retroactively. so the president believes he is in a much better position on spending than he is today in making a deal because any deal that they make will be retroactive. adam: let me flip your logic. do you think politically i don't think it would be good economically, politically good for the republicans to call the bluff, go over the cliff. yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to
when we go over the cliff as matter of law the obama tax cuts expire. we have sequestration where these drastic cuts take place but the president politically knows that even if it a deal is made in january, february on spending they can be made retroactively. so the president believes he is in a much better position on spending than he is today in making a deal because any deal that they make will be retroactive. adam: let me flip your logic. do you think politically i don't think it would be...
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. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone is using them. >> you are doing more private companies with disruptive technology. >> i think that the exciting part of america is we have the world's greatest technology. i want to point it out. many companies are private. >> santelli has -- >> you have to be kidding. rick santelli here. welcome. my goodness. 74 74.5. i had to double-check that one many times. we're coming off numbers at 82.7 for number. 82.6 for october. those are close. the best numbers since the fall of '07. this 74.5 is a really big drop that takes you to the weakest numbers since august when we had a series of weaker numbers. now, whether s
. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone...
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with obama. i don't know what -- i am not sure why that's important at the that you can on the phone privately. they are looking for a way out they have signaled some private openness if they could kick it up to 37% instead of 39% if they get some entitlement savings they could sell. >> the president would get 39-6 for the upper income folks with doing nothing and no entitlement cuts by doing nothing? >> right. >> it would be a deal. you would guess the president would want some sort of package and wouldn't want to go over the cliff. it would be politically and substantively. this is what republican aids say. he has the chance to do something big. if he come our way i am not negotiating this. >> you need to get something in order to do something. we are getting ahead of ourselves. this is the conversation that we have to have. this is the conversation that's the going on all over washington today or at least should be except congress went home. >> we are talking about it. >> exactly. who needs co
with obama. i don't know what -- i am not sure why that's important at the that you can on the phone privately. they are looking for a way out they have signaled some private openness if they could kick it up to 37% instead of 39% if they get some entitlement savings they could sell. >> the president would get 39-6 for the upper income folks with doing nothing and no entitlement cuts by doing nothing? >> right. >> it would be a deal. you would guess the president would want...
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president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace
president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today,...
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. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> honestly, it's not so much about price. it's about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the view out. >> cook says apple has already created more than 600,000 jobs here in the u.s., that includes everything from research and development to retail to a solar power farm. he also points to the app industry, another one of those that didn't exist before apple came along. all those icons and all those downloads employ a lot of people. >> all this side is ipods here. >> it was such a different world just six years ago when we sat down with steve jobs for one of his last television interviews. he showed us around apple's flagship store on fifth avenue in new york which six years later is still the big glass granddaddy of them all. back then, steve jobs was a
. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> honestly, it's not so much about price. it's about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the view out. >> cook says apple has already...
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Dec 7, 2012
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president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly three months from november. and at 3:00 p.m., we get october consumer credit. as far as futures right now ahead of that report, they are called for slightly downward start to u.s. programming. right now the dow is some 12 points below fair value. the nasdaq is currently gist over three points below fair value and s&p 500 about one point below. todd horowi
president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the...